H. Lawrence Culp Jr.
Larry Culp | |
|---|---|
| Born | Henry Lawrence Culp Jr. Template:Birth year and age Washington, D.C., U.S. |
| Education | Washington College (BA) Harvard University (MBA) |
| Title | Chairman and CEO of GE Aerospace |
| Term | October 2018 – present |
| Predecessor | John L. Flannery |
Henry Lawrence "Larry" Culp, Jr. (born March 1963) is an American corporate leader currently holding the positions of chairman and CEO at GE Aerospace. Notably, he is the first individual from outside the company to assume leadership at GE in its 126-year history.
Prior to joining GE, Culp’s career included roles at Pall Corporation before he became part of Danaher Corporation in 1990, where he served as CEO from 2001 until 2014. He was appointed to GE’s board in April 2018.
Early life and education
Born in Washington, D.C., Culp is the son of a small business owner specializing in welding. He earned a bachelor's degree from Washington College and completed his MBA at Harvard Business School.
Career
Culp began his tenure at Danaher through its subsidiary Veeder-Root in 1990 and was promoted to President by 1993. By 1995, he was responsible for Danaher’s Environmental and Electronic Test segments while managing Fluke Corporation and Fluke Networks. His advancement continued as he became Executive Vice President in 1999, then Chief Operating Officer in 2001, followed by CEO later that same year. Earlier in his career, he was a senior lecturer at Harvard Business School where he specialized in leadership and strategic management.
In addition, Culp holds a senior advisory role at Bain Capital Private Equity and serves as a non-executive director for T. Rowe Price.
At General Electric, his compensation package includes an annual amount up to $21 million over four years, with substantial stock incentives that could total $300 million contingent on significant increases in share price. GE renewed his contract through August 2024 in 2020. Despite some shareholder resistance to his remuneration—including a reported $47 million bonus in 2021—Culp expanded his responsibilities to head GE Aviation in June 2022. Following the separation of GE HealthCare in January 2023, he was named its non-executive chairman.
Personal life
Culp lives near Boston with his spouse and their three children.